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USDC regained its dollar peg four days later. [13] In August 2023, Circle and Coinbase dissolved the Centre Consortium, the entity responsible for managing USDC since 2018. This decision granted Circle full governance over USDC. [14] In February 2024, Circle discontinued USDC on the TRON blockchain following a risk management review. Although ...
A fixed exchange rate, often called a pegged exchange rate, is a type of exchange rate regime in which a currency's value is fixed or pegged by a monetary authority against the value of another currency, a basket of other currencies, or another measure of value, such as gold or silver.
In September 2018, Circle, along with Coinbase Global, [24] released a consortium called Centre, which launched digital USDC pegged to the dollar. [25] Centre was intended to serve as a platform for users to make deposits from traditional bank accounts and convert fiat currency into tokens.
Locatable Address Conversion System (LACS) is a service offered by the United States Postal Service to update mailing addresses when a street is renamed or the address is updated for 911. In the case of 911, the address is changed from a rural route format to an urban/city route format.
Currency substitution is the use of a foreign currency in parallel to or instead of a domestic currency. [1]Currency substitution can be full or partial. Full currency substitution can occur after a major economic crisis, such as in Ecuador, El Salvador, and Zimbabwe.
In a database, storing the ZIP+4 code in a 10 character field (with the hyphen) allows easy output in the address block, and storing the check digit in a 3-digit field (instead of calculating it) allows automatic checking of the validity of the ZIP+4 and delivery point fields in case one had been changed independently.
Their value is pegged to one or more currencies (most commonly the US dollar, the euro, and the Swiss franc) in a fixed ratio; The value connection is realized off- chain through banks or other types of regulated financial institutions which serve as depositaries of the currency used to back the stablecoin;
Binary Synchronous Communication (BSC or Bisync) is an IBM character-oriented, half-duplex link protocol, announced in 1967 after the introduction of System/360. It replaced the synchronous transmit-receive (STR) protocol used with second generation computers. The intent was that common link management rules could be used with three different ...